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Politics : Foreign Affairs Discussion Group

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To: neolib who wrote (260921)	4/8/2008 1:45:05 PM
From: TimF	Read Replies (1) of 281500

True sometimes people over pay, but the value that people will pay for something is a far more reliable measure of its worth than any political decision, or public perception that the number of jobs we can create in industry are what's really important. Even the fact that someone is over paying is really only determined by the fact that people are willing to pay less later. In other words even the point that some prices are overpayment in a bubble, is determined by what buyers voluntarily pay for in later years. such as all those jobs in manufacturing which America has exported The US manufactures more than it used to. The jobs aren't being "exported", even China is now "losing" manufacturing jobs (and not just from recent economic events its a trend which goes back at least several years). What is happening is that productivity in manufacturing has increased across the world, so we have more manufacturing goods, it just takes less people to make them. If the number of jobs that could be created was the most important thing, than we could pay people to dig up holes, and pay other people to fill them in. Presto, zero unemployment. What is more important is productive jobs and wealth creation.

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